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KUMUL PETROLEUM’S DEALINGS: BANKRUPTED A NATION AND BROUGHT DOWN A PRIME MINISTER

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by REGINALD HAUREVA

Reference a recent letter to the Editor of the Post Courier under the  caption “Kumul Petroleum,  Petronas in the making” published on June 12,  2019, authored by one “ BUSH COMMERCIAL LAWYER OF PORT MORESBY”.

The timing of this letter is quite uncanny. It was obviously timed to pre-empt and cuff the hand of Hon. James Marape MP, the new Prime Minister, who is the trustee shareholder of Kumul Petroleum Holdings Limited and associated companies (“Kumul”). However, its timing betrays a tinge of fear
our bush lawyer obviously harbours in the new government having its own ideas of just what role, if any,  Kumul Board and its current CEO, Mr Wapu Sonk could play, in the greater campaign to take back PNG.

For information of the Bush Lawyer, the Kumul Petroleum Trustee has the power to sack any or the entire Board(s) and the CEO, if he pleases. But that is too simplistic. The fact that someone high up in Kumul obviously prompted such a letter to be written is itself somethi…

Part 2 – Sweetheart deals cost taxpayers and landowners

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THE TRUE STORY OF THE UBS LOAN AND OTHER DEALS BETWEEN THE O’NEILL GOVERNMENT AND OIL SEARCH Part 2 – Sweetheart  deals cost taxpayers and landowners
BY A SPECIAL CORRESPONDENT IN SINGAPORE Comments by Oil Search executives and directors at the company’s annual general meeting earlier this year raise serious concerns about its knowledge of many specific instances of corruption in Papua New Guinea relating to its business, and its corporate behaviour. These instances are separate to the illegal UBS Loan which Oil Search helped to arrange, as detailed in Part 1How Peter O’Neill and Peter Botten cost Papua New Guinea at least K1 billion. Some of these issues were the subject of questions in in the Australian Senate, but no satisfactory answers were provided by the Australian officials responsible. For example landowners in the PNG LNG project are owed hundreds of millions of kina in royalty payments and other entitlements, much of which is paid to the Government by Oil Search and its partners.…

EXCLUSIVE: THE TRUE STORY OF THE UBS LOAN: How Peter O’Neill and Peter Botten cost Papua New Guinea at least K1 billion

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BY A SPECIAL CORRESPONDENT IN SINGAPORE Part 1 – How Peter O’Neill and Peter Botten cost Papua New Guinea at least K1 billion The Oil Search Annual General Meeting in Port Moresby earlier this year confirmed that the company is acutely aware of the extent of corruption in the Papua New Guinea government of Peter O’Neill.
Oil Search executives privately commented to attendees after the AGM closed that "... everything here in PNG is corrupt …" “… the government is so corrupt …”, "… PNG has a lot of corruption issues …" and others in similar vein. The cost of O’Neill Government corruption is high, estimated to be several billion kina a year. Now the contribution of Oil Search’s own questionable dealings with the O’Neill Government has come under public scrutiny. Late last month stockmarket trading announcements revealed that the nation has lost at least K1 billion in an illegal sweetheart deal organised in secret between Prime Minister O’Neill and Oil Search Managing Direc…

PETER O'NEILL TURNS A BLIND EYE ON MPS IMPLICATED IN SEX-FOR-GOVERNMENT-FAVOURS

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by STEVEN YANDARI

REVELATIONS ON PNG BLOGS WOULD NORMALLY RESULT IN AN OUTRAGED PUBLIC RESPONSE BY THE PRIME MINISTER. Not against the publisher of the information, but a call to establish a Commission of Inquiry to get to the bottom of the multiple stories of massive sex-for-government-favours that the Dora Lu/Ru Lu stories are bringing out. Remember, however, that when Peter O'Neill came into power as PM, and his government established a set of about 10 priority action areas for the government, "fighting corruption" wasn't on the list at all. This was despite the glaring fact that PNG is in the top 15% of most corrupt countries in the world.

There is silence from the Prime Minister and the government on the Dora Lu story. There is silence from The National, the Post Courier, and government owned EM-TV. Why is there such silence when, in fact, a journalist at any of these organisations could create a flashy reputation and good name if they investigated and found ou…

FEATHERS OF BRIBERY FLOCK TOGETHER IN PNG - HOW PNG MINISTERS AND TOP PUBLIC SERVANTS ARE CASHING IN ON THE RAMU 2 DEAL

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